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GENIVAR Income Fund closes US$39 million public offering

Fasken
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Client

National Bank Financial, Raymond James and TD Securities

On September 13, 2007, GENIVAR Income Fund announced the closing of its previously announced public offering of 1,902,439 trust units for gross proceeds of $39 million. Net proceeds to the Fund of the public offering will be used to repay the bank advances and the advances payable to GENIVAR Inc. and to fund the growth strategy of the Fund. The units were offered to the public pursuant to a short form prospectus filed with securities regulatory authorities in each province of Canada through an underwriting syndicate led by National Bank Financial Inc., Raymond James Ltd. and TD Securities Inc. and also including BMO Nesbitt Burns Inc. and Cormark Securities Inc The underwriting syndicate was advised by a team from Fasken Martineau that included Robert Pare, Gilles Leclerc, Gabriel Castiglio and Jean-Michel Lapierre (securities), and Gilles Carli and Thomas Copeland (tax).

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